The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label $2000 an ounce. Show all posts
Showing posts with label $2000 an ounce. Show all posts

Tuesday, January 17, 2012

Gold demand surged in 2011 on new survey

The Thompson Rueters gold survey for 2011 was recently released and the results showed a large surge in gold coin and bar sales globally last year.  Predictions for 2012 also point towards a steady climb back up towards $2000 an ounce, with potentially higher gains should central banks begin to monetize en masse.

Thomson Reuters GFMS annual gold survey released today shows that global investment increased 20% last year to $80 billion, leading to the nominal high last September of $1,920/oz. This is primarily attributed to the physical buying of bullion.

Gold may climb to a new nominal record above $2,000/oz by early next year as concern about currencies and low interest rates encourage investors to seek a protection of wealth, Thomson Reuters GFMS said.

Gold coin purchases gained 13% last year and will increase 2.7% in the first half.

Purchases of gold bars increased by 36% to nearly 2,000 (1,194) metric tonnes, concentrated in China, Germany, Switzerland and Austria.
East Asia demand for gold bars rose 53% to 456 metric tonnes.
India rose 9% to 297 metric tonnes and western markets demand for gold bars rose 41% to 335 metric tonnes.

Central banks increased net purchases by a massive fivefold to 430 tons last year, and may buy another 190 tons in the first half, GFMS said. - Goldcore via Zerohedge